UPDATE: McDonald's USA (MCD) Selects Omnicom (OMC) as Partner in New Ad Agency

August 29, 2016 3:11 PM EDT

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(Updated - August 29, 2016 3:14 PM EDT)

McDonald's USA (NYSE: MCD) has selected Omnicom Group (NYSE: OMC) as partner to create new agency, according to Bloomberg, citing an emailed statement.

The company has yet to determine the name of the new agency.

UPDATE - The WSJ noted today that the new agreement ends McDonald's 35-year relationship with Publicis Groupe ’s Leo Burnett agency.

McDonald's spokesperson Deborah Wahl commented today, Part of building a better McDonald’s means not only making changes to our food and our restaurants but also how we conduct business ... In selecting this agency we will have access to top talent, technology and thinking with digital and data at the core ... This new model will, over the next few years, create great work at the speed of the marketplace at an efficient cost.

Kantar media recently said that McDonald's spent $320 million on U.S. advertising efforts last year.

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